Have you ever kept your money in a fixed deposit account?

Have you ever kept your money in a fixed deposit account?
by

1 Answer

Answer :

Yes. Of course. I make use of fixed deposit accounts to earn some good interest. It is definitely a good investment option. While giving a fixed rate of interest based on the amount and the period you prefer, you can also close the fixed deposit account whenever you want and use the money for your son's education, daughter's marriage or for any other emergency. I always liked the fixed deposit schemes and invest in it whenever it is possible for me to invest that extra cash if any, I may have at point of time during the year. Investing, whether in fixed deposit schemes of banks or somewhere else ( I prefer fixed deposit schemes of the banks only) gives you the confidence that you are in control of your money and you are not spending unnecessarily.
by

Related questions

Distinguish between the following: Fixed Deposit Account and Recurring Deposit Account.

Description : Distinguish between the following: Fixed Deposit Account and Recurring Deposit Account.

Last Answer : Distinguish between the following: Fixed Deposit Account and Recurring Deposit Account.

i. Accepting deposits is the secondary function of Banks. ii. Businessman opens Fixed Deposit Account.

Description : i. Accepting deposits is the secondary function of Banks. ii. Businessman opens Fixed Deposit Account.

Last Answer : Correct the underlined word and rewrite the following sentence: i. Accepting deposits is the ... /account holder can overdraw from his account.

What are the other deposit accounts can be opened by an individual in where one holds „Basic Savings Bank Deposit Account‟? A. Fixed Deposit B. Recurring Deposit C. Another BSBDA D. Both A and B E. None of the Above

Description : What are the other deposit accounts can be opened by an individual in where one holds „Basic Savings Bank Deposit Account‟? A. Fixed Deposit B. Recurring Deposit C. Another BSBDA D. Both A and B E. None of the Above

Last Answer : D. Both A and B Explanation: One can have Term/Fixed Deposit, Recurring Deposit etc., accounts in the bank where one holds ‗Basic Savings Bank Deposit Account.

. If a money order cannot be paid owing to the death of the payee a) It should be paid to his relatives in the address b) It should be treated as an unclaimed order c) It should be kept in deposit d) None of these

Description : . If a money order cannot be paid owing to the death of the payee a) It should be paid to his relatives in the address b) It should be treated as an unclaimed order c) It should be kept in deposit d) None of these

Last Answer : b) It should be treated as an unclaimed order

High Value money order received without HVMO list a) Will be returned to the remitter b) Will be paid as usual c) Will be sent to divisional office for further order d) Will be kept in deposit to ascertain genuineness from the office of issue

Description : High Value money order received without HVMO list a) Will be returned to the remitter b) Will be paid as usual c) Will be sent to divisional office for further order d) Will be kept in deposit to ascertain genuineness from the office of issue

Last Answer : d) Will be kept in deposit to ascertain genuineness from the office of issue

Payment of a MO addressed to a place not served daily by postman will be a) Made to the messenger as authorized by the payee in a letter given to the Postmaster of office of payment b) Paid only to the payee c) Kept in deposit for 7 days an returned for repayment to the remitter d) All the above

Description : Payment of a MO addressed to a place not served daily by postman will be a) Made to the messenger as authorized by the payee in a letter given to the Postmaster of office of payment b) Paid only to the payee c) Kept in deposit for 7 days an returned for repayment to the remitter d) All the above

Last Answer : a) Made to the messenger as authorized by the payee in a letter given to the Postmaster of office of payment

If the payee refuses to take MO payment, MO should be a) Kept in deposit for 7 days b) Returned to RLO c) Returned to remitter at once d) Returned to the remitter after 10 days

Description : If the payee refuses to take MO payment, MO should be a) Kept in deposit for 7 days b) Returned to RLO c) Returned to remitter at once d) Returned to the remitter after 10 days

Last Answer : c) Returned to remitter at once

Inward foreign parcels on which intimation served can be kept in deposit at the PO for a) 15 days b) 7 days c) One month d) Two month

Description : Inward foreign parcels on which intimation served can be kept in deposit at the PO for a) 15 days b) 7 days c) One month d) Two month

Last Answer : a) 15 days

VP article received for delivery without VPMO form a) Article will be returned to the sender immediately b) Article will be returned to RLO c) MO form will be filled in with reference to the entries available on the article and the article will be sent out for delivery d) Article will be kept in deposit till receipt of VPMO form

Description : VP article received for delivery without VPMO form a) Article will be returned to the sender immediately b) Article will be returned to RLO c) MO form will be filled in with reference to the entries ... will be sent out for delivery d) Article will be kept in deposit till receipt of VPMO form

Last Answer : c) MO form will be filled in with reference to the entries available on the article and the article will be sent out for delivery

VP article can be kept in deposit from the date of intimation a) For 14 days b) 7 days c) 1 Months d) None of these

Description : VP article can be kept in deposit from the date of intimation a) For 14 days b) 7 days c) 1 Months d) None of these

Last Answer : b) 7 days

If the addressee of ordinary article is not traceable and address of the sender is not noted on the article a) The article is kept in office undelivered b) The beat postman tries to find out the addressee once again c) The deposit PA forward it RLO after passing remark in red ink after keeping in deposit for 7 days d) The article may be destroyed with permission of Postmaster / Sub postmaster

Description : If the addressee of ordinary article is not traceable and address of the sender is not noted on the article a) The article is kept in office undelivered b) The beat postman tries to find out ... in deposit for 7 days d) The article may be destroyed with permission of Postmaster / Sub postmaster

Last Answer : c) The deposit PA forward it RLO after passing remark in red ink after keeping in deposit for 7 days

Transit bags means a) Several bags intended for other offices received loose at the office b) Bags to be kept in deposit at the office c) Several bags intended to be dealt with the office enclosed in a bag addressed to the office d) None of these

Description : Transit bags means a) Several bags intended for other offices received loose at the office b) Bags to be kept in deposit at the office c) Several bags intended to be dealt with the office enclosed in a bag addressed to the office d) None of these

Last Answer : c) Several bags intended to be dealt with the office enclosed in a bag addressed to the office

When the whole or the part of the security deposit of an official is to be forfeited the form of security bond must be a) Kept in safe locker b) Kept in custody of postmaster c) Sent to Head of the circle or Administration office d) Either A or B Ans:c(259) 11. Deposits of employees

Description : When the whole or the part of the security deposit of an official is to be forfeited the form of security bond must be a) Kept in safe locker b) Kept in custody of postmaster c) Sent to Head of the circle or Administration office d) Either A or B Ans:c(259) 11. Deposits of employees

Last Answer : c) Sent to Head of the circle or Administration office

UR articles addressed to C/o PM can be kept in deposit for a maximum period of a) 7 days b) 30 day c) 15 day d) None of these

Description : UR articles addressed to C/o PM can be kept in deposit for a maximum period of a) 7 days b) 30 day c) 15 day d) None of these

Last Answer : b) 30 day

All articles super scribed to “ to be kept called for “ “ to be await arrival” is classified as a) Deposit articles b) Insufficient addresses c) Postal Restante d) Unpaid articles

Description : All articles super scribed to “ to be kept called for “ “ to be await arrival” is classified as a) Deposit articles b) Insufficient addresses c) Postal Restante d) Unpaid articles

Last Answer : c) Postal Restante

Can one give deposit money to any bank account without consent?

Description : Can one give deposit money to any bank account without consent?

Last Answer : Yes, if you have the account number, you can make a deposit.

If I made a deposit this morning and my account says the money is "pending," can I make purchases greater than the amount in my bank account?

Description : If I made a deposit this morning and my account says the money is "pending," can I make purchases greater than the amount in my bank account?

Last Answer : can I make purchases greater than the amount in my bank account? one would imagine not…

Is there a limit on how much money I can deposit in my bank account?

Description : Is there a limit on how much money I can deposit in my bank account?

Last Answer : answer:No you would have to give some of it to me. :D Googling resulted in a mention of a $100,000 cap of the FDIC would cover. So, I think @WestRiverrat has it right.

Banks in the US, active with the FDIC, only insure $100,000. So if a person has, for example, 10 million dollars and wants to deposit the money in a bank, does he have to look for 100 banks or is there another way to invest that is as low risk as a savings account?

Description : Banks in the US, active with the FDIC, only insure $100,000. So if a person has, for example, 10 million dollars and wants to deposit the money in a bank, does he have to look for 100 banks or is there another way to invest that is as low risk as a savings account?

Last Answer : A person with 10 million dollars probably has a diversified investment portfolio with a variety of risk levels and return levels. As a result, his insurance is that not everything will collapse at the ... 10% above inflation, banks are a very poor choice for someone with lots of money to invest.

Do I need a certificate of deposit to deposit money into my account?

Description : Do I need a certificate of deposit to deposit money into my account?

Last Answer : You do not need a certificate of deposit (also known as a CD) to deposit money into an account - unless you are attempting to deposit money into a CD account. Most banks only require you to ... speaking, however, you should not have to open a CD to deposit funds into a regular checking account.

In PO when duties of Pas are combined, the combination permissible is a) Money order & Treasury b) Sub account & mail c) Delivery and Deposit d) Delivery and mail

Description : In PO when duties of Pas are combined, the combination permissible is a) Money order & Treasury b) Sub account & mail c) Delivery and Deposit d) Delivery and mail

Last Answer : a) And brought in to a separate head at the PO

i. Saving Deposit, Recurring Deposit, Cash Credit. Fixed Deposit ii. Overdraft, Fixed Deposit, Discounting of Bills, Cash Credit

Description : i. Saving Deposit, Recurring Deposit, Cash Credit. Fixed Deposit ii. Overdraft, Fixed Deposit, Discounting of Bills, Cash Credit

Last Answer : Find the odd one: i. Saving Deposit, Recurring Deposit, Cash Credit. Fixed Deposit ii. Overdraft, Fixed Deposit, Discounting of Bills, Cash Credit

_________ are safer than Post Office Schemes as that are covered by the Deposit Insurance and Credit Guarantee Corporation(DICGC) A. Fixed Deposit B. Demand Deposit C. Flexi-Fixed Deposit D. All of the Above

Description : _________ are safer than Post Office Schemes as that are covered by the Deposit Insurance and Credit Guarantee Corporation(DICGC) A. Fixed Deposit B. Demand Deposit C. Flexi-Fixed Deposit D. All of the Above

Last Answer : A. Fixed Deposit Explanation: Fixed Deposit investments are safer than Post Office Schemes as they are covered by the Deposit Insurance and Credit Guarantee Corporation (DICGC).

Which of the following is the negotiable instrument? A. Fixed Deposit of a Bank B. Share certificate issued by a PSU C. Demand Draft issued by a bank D. Debenture of a company E. Airway Receipt

Description : Which of the following is the negotiable instrument? A. Fixed Deposit of a Bank B. Share certificate issued by a PSU C. Demand Draft issued by a bank D. Debenture of a company E. Airway Receipt

Last Answer : C. Demand Draft issued by a bank Explanation: A demand draft is a negotiable instrument similar to a bill of exchange. A bank issues a demand draft to a client (drawer), directing another bank (drawee) or one of its own branches to pay a certain sum to the specified party (payee).

Present rate of interested on on 1, 2, 4, 5 years fixed deposit(TD) is a) 6.25%, 6.50%, 7.25%, 7.50% b) 7.25%, 7.50%, 8%, 8.2% c) 8.2%, 8.3%, 8.4%, 8.5% d) None of these

Description : Present rate of interested on on 1, 2, 4, 5 years fixed deposit(TD) is a) 6.25%, 6.50%, 7.25%, 7.50% b) 7.25%, 7.50%, 8%, 8.2% c) 8.2%, 8.3%, 8.4%, 8.5% d) None of these

Last Answer : c) 8.2%, 8.3%, 8.4%, 8.5%

Which of the following is not a type of Bank credit 1. Loan 2. Fixed deposit 3. Overdraft 4. All of these 5. None of these

Description : Which of the following is not a type of Bank credit 1. Loan 2. Fixed deposit 3. Overdraft 4. All of these 5. None of these

Last Answer : Fixed deposit

The following offering is not a service 1. Fixed deposit receipt 2. Postage stamp 3. Insurance Policy 4. Gift coupon of a chain store 5. None of these

Description : The following offering is not a service 1. Fixed deposit receipt 2. Postage stamp 3. Insurance Policy 4. Gift coupon of a chain store 5. None of these

Last Answer : Gift coupon of a chain store

Which type of deposit gives highest rate of interest? (a) Current deposit (b) Fixed deposit © Recurring deposit. (d) None of these.

Description : Which type of deposit gives highest rate of interest? (a) Current deposit (b) Fixed deposit © Recurring deposit. (d) None of these.

Last Answer : (b) Fixed deposit

Which of the following is tax saving investment? A. Fixed deposit B. Shares C. PPF D. Post office saving

Description : Which of the following is tax saving investment? A. Fixed deposit B. Shares C. PPF D. Post office saving 

Last Answer : Answer: C

Once a direct deposit form is submitted for your account how long does it take for deposits to start posting?

Description : Once a direct deposit form is submitted for your account how long does it take for deposits to start posting?

Last Answer : Banks vary on how long it takes to process, and it can depend on when the employer submits it. He needs to ask them both what happened.

How do I endorse a check made out to me so that someone else can cash it or deposit it to their account?

Description : How do I endorse a check made out to me so that someone else can cash it or deposit it to their account?

Last Answer : Third Party check: Second party signs and then puts “Pay to the Order of” name on back of check? Third party then endorses below and submits to bank. http://www.bankingquestions.com/checkingaccounts/q_3rdpartyckhtml.html

I'm having trouble recieving a direct deposit into my account, what should I do?

Description : I'm having trouble recieving a direct deposit into my account, what should I do?

Last Answer : I know that generally speaking the first one can take longer than usual as they are getting everything set up. Does your bank acknowledge a pending deposit at all? If not I would go over all of ... has all the correct information as well. How long has this deposit been in the process of happening?

Can I deposit a rebate prepaid debit card into my bank account or do I have to spend it at a store?

Description : Can I deposit a rebate prepaid debit card into my bank account or do I have to spend it at a store?

Last Answer : you could spend it on groceries… that way it wouldn’t be something you don’t need.

Advantages and disadvantages of current deposit account ?

Description : Advantages and disadvantages of current deposit account ?

Last Answer : Benefits You can withdraw money from this account as many times as you like during the banking period. Many times some profit is also given in this account. Through this calculation the risk of ... interest except in certain cases. This calculation is not convenient for all people in the society.

What is Debt Deposit Account ?

Description : What is Debt Deposit Account ?

Last Answer : If a bank approves a loan in the name of a client, he opens an account in his name without depositing the loan amount in cash and deposits it as a deposit. This account is called loan deposit account.

Please i need a help what is the minimum deposit for skrill account?

Description : Please i need a help what is the minimum deposit for skrill account?

Last Answer : I am not sure if you are a newbie. All I know when I read the site's FAQ, the newbie needs at least $5.00 to redeem the minimum payout in the Skrill account. Regardless, you can also see in your profile if you had reached the minimum payout. The 'earning' button will be changed into 'eligible.'

Can I deposit into account by giving them my account and amp routing number?

Description : Can I deposit into account by giving them my account and amp routing number?

Last Answer : Need answer

What happens if VA Benefits are returned because direct deposit account was closed?

Description : What happens if VA Benefits are returned because direct deposit account was closed?

Last Answer : Feel Free to Answer

How do I deposit checks and cash if I have an online checking account?

Description : How do I deposit checks and cash if I have an online checking account?

Last Answer : You use the automated clearing house (ACH) system. Your employer can direct-deposit your earnings into your online account, and you can access them using a debit card provided by the online bank.

I want to open a checking account at Bank of America, what is the minimum deposit required?

Description : I want to open a checking account at Bank of America, what is the minimum deposit required?

Last Answer : To open a checking account with Bank of America you need at least a $25 opening deposit for basic checking. If you want an interest or business checking account then you need a $100 opening deposit.

Are there any major banks that offer a free checking account without direct deposit?

Description : Are there any major banks that offer a free checking account without direct deposit?

Last Answer : Yes there are. From personal experience I can tell you Associated Bank offers a free checking account without direct deposit.

My checking account was garnished on Friay. I receive my salary through direct deposit at my bank, and they took all of it! Isn't this illegal I need help. The garnishment is for bills while in the hospital for a week and subsequent anti biotic treatment?

Description : My checking account was garnished on Friay. I receive my salary through direct deposit at my bank, and they took all of it! Isn't this illegal I need help. The garnishment is for bills while in the hospital for a week and subsequent anti biotic treatment?

Last Answer : No that had to go to court to be able to do that. You will have to prove how much you need to live on and they will take the rest. Unfortunately, this is very legal. You should have received a legal notice informing you of the garnishment.

Change my bank account for direct deposit?

Description : Change my bank account for direct deposit?

Last Answer : My current bank checking account is invalid. How do I change the account number to the new checking account ???

An account which remains in operative for an extended period of time is referred as ________ A. DEMAT Account B. Dormant Account C. Nominal Account D. Deposit Account

Description : An account which remains in operative for an extended period of time is referred as ________ A. DEMAT Account B. Dormant Account C. Nominal Account D. Deposit Account

Last Answer : B. Dormant Account Explanation: When there has been no financial activity for a long period of time, other than posting of interest, an account can be classified as dormant.

What is the minimum initial deposit required for opening a Basic Savings Bank Deposit Account(BSBDA)? A. 500 B. 1000 C. 100 D. No initial deposit

Description : What is the minimum initial deposit required for opening a Basic Savings Bank Deposit Account(BSBDA)? A. 500 B. 1000 C. 100 D. No initial deposit

Last Answer : D. No initial deposit Explanation: There is no requirement for any initial deposit for opening a BSBDA.

A minimum yearly deposit of ________ is required to open and maintain a PPF account, and a maximum deposit of _____. A. Rs. 500 and Rs 1.50 lakhs B. Rs. 1000 and Rs 2.50 lakhs C. Rs. 2000 and Rs 3.50 lakhs D. Rs. 5000 and Rs 4.50 lakhs

Description : A minimum yearly deposit of ________ is required to open and maintain a PPF account, and a maximum deposit of _____. A. Rs. 500 and Rs 1.50 lakhs B. Rs. 1000 and Rs 2.50 lakhs C. Rs. 2000 and Rs 3.50 lakhs D. Rs. 5000 and Rs 4.50 lakhs

Last Answer : A. Rs. 500 and Rs 1.50 lakhs Explanation: A minimum yearly deposit of Rs. 500 is required to open and maintain a PPF account, and a maximum deposit of Rs.1.5 lakhs (as on Financial year 2015- ... Income Tax Act. The amount can be deposited in lump sum or in a maximum of 12 instalments per year.

Banks can not generally accept interest-free deposits. which of the following is an exception to this rule? A. Current Account B. Savings Account of Minors C. Deposit from Minority groups D. BSBDA E. None of the Above

Description : Banks can not generally accept interest-free deposits. which of the following is an exception to this rule? A. Current Account B. Savings Account of Minors C. Deposit from Minority groups D. BSBDA E. None of the Above

Last Answer : A. Current Account Explanation: Banks cannot accept interest free deposits other than in current account.

Balance in a current account is classified as ________ A. Hybrid Deposit B. Term Deposit C. Demand Deposit D. Flexi Deposit E. other than those given as options

Description : Balance in a current account is classified as ________ A. Hybrid Deposit B. Term Deposit C. Demand Deposit D. Flexi Deposit E. other than those given as options

Last Answer : C. Demand Deposit Explanation: Current accounts form a large portion of demand deposits of a bank. It can be opened by Individuals, Business entities (firms, company), Institutions, Government bodies / departments, Societies, Liquidators, Receivers, and Trusts.